Question 10 GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 941 units, actually incurred $40,357 in fixed manufacturing overhead, and actually sold 1,055 4 pts Calculate the difference between absorption and variable income for GrayCell. If absorption income is higher than variable income, write your answer as a positive number. If absorption income is lower than variable income, write your answer as a negative number.

GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manulacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 941 units, actually incurred $40,357 in freed manufacturing overhead, and actually sold 1,055 Calculate the difference between absorption and variable income for GrayCell, If absorption income is higher than varlable incorne, write your answer as a positive number. If absorption income is lower than variable income, write your answer as a negative number